What is Virtual Account?
Virtual accounts are unique account numbers assigned within traditional or physical bank, which are also known as settlement accounts. They can be used to receive money on behalf of an individual or entity
How does virtual accounts work?
Virtual accounts function similarly to standard bank accounts. They have their own account numbers, streamline incoming transactions, and help customer maintain their balances, What this means: the account number can Accept payment from anybank within it license region .
How does internal accounts work?
internal account are random 10 digit number assign to a customer as an account number, this account number are simply identifier and cannot accept payment from any bank.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article